ARCHER DANIELS MIDLAND SAYS WILL CONSIDER INCREASING STAKE IN GRAINCORP AFTER FULL TAKEOVER REJECTED

Archer Daniels Midland (ADM) said it will consider increasing its stake in GrainCorp after its takeover bid for the grain handler was rejected by the Australian Treasurer on Friday.


Philippine central bank approves merger between China Bank unit and rural bank

The central bank of the Philippines approved the merger between China Bank Savings In and rural bank Unity Bank Inc, expanding China Bank's network to 90 branches.

India's mid-sized tech firms target senior execs from bigger competitors - report

A report from The Economic Times said mid-sized technology companies in India are hiring experienced executives from larger peers to gain management expertise and skills.

Canadian firm Pacific Rubiales completes Petrominerales acquisition

Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.


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Archer Daniels Midland Company notes today's announcement by the Australian Federal Treasurer that he has made an order prohibiting ADM's proposed acquisition of GrainCorp Limited.
Australia rejected the A$2.8 billion takeover of GrainCorp by U.S. agribusiness giant Archer Daniels Midland (ADM) on Friday, saying the deal was contrary to the national interests.
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